Equinox Gold (EQX) Gross Margin (2019 - 2026)

Equinox Gold (EQX) posted quarterly Gross Margin of 50.93% for Q1 2026, up 4385.0% year-over-year from 1.14% in Q1 2025, and up 1.38% on a QoQ basis from 50.23% in Q4 2025.

Equinox Gold (EQX) Gross Margin (2019 - 2026) Analysis & Trends

Equinox Gold (EQX) has reported Gross Margin for 8 consecutive years, with 50.93% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Gross Margin rose 4385.0% year-over-year to 50.93%; the TTM figure through Mar 2026 stood at 42.44% (up 2492.0% YoY), while the FY2025 annual figure was 35.38%, up 1280.0% from the prior year.
  • Gross Margin came in at 50.93% for Q1 2026 at Equinox Gold, up from 50.23% in the prior quarter.
  • The five-year high for Gross Margin was 50.93% in Q1 2026, with the low at 3.03% in Q3 2022.
  • Average Gross Margin over 5 years is 18.39%, with a median of 12.36% recorded in 2022.
  • Across the five-year window, Gross Margin slumped 1557 bps in 2022 and soared 4385 bps in 2026, its largest moves.
  • Year by year, Gross Margin stood at 12.36% in 2022, then rose by 5 bps to 12.96% in 2023, then soared by 106 bps to 26.66% in 2024, then soared by 88 bps to 50.23% in 2025, then climbed by 1 bps to 50.93% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 50.93%, 50.23%, and 31.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 59.77%
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 61.79%
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 99.74%
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn 86.39%
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 77.58%
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn 54.68%
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 80.88%
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 59.87%
10 Equinox Gold 7.68 Bn 8.27 Bn 319.98 Mn 50.93%

Historic Data

Download Data
DateValue
Mar 31, 2026 50.93%
Dec 31, 2025 50.23%
Sep 30, 2025 31.13%
Jun 30, 2025 33.38%
Mar 31, 2025 7.08%
Dec 31, 2024 26.66%
Sep 30, 2024 23.67%
Jun 30, 2024 9.87%
Mar 31, 2024 4.72%
Dec 31, 2023 12.96%
Sep 30, 2023 8.85%
Jun 30, 2023 11.30%
Mar 31, 2023 6.19%
Dec 31, 2022 12.37%
Sep 30, 2022 3.02%
Jun 30, 2022 7.57%
Mar 31, 2022 12.77%
Sep 30, 2021 18.60%
Jun 30, 2021 18.26%
Mar 31, 2021 19.24%